mission wallstreet

This is a discussion on mission wallstreet within the Trading Journals forums, part of the Reception category; trade 23 EURJPY SELL:13081 SL:13105 TP:12955...

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Old May 24, 2013, 3:17pm   #33
Joined May 2013
Re: mission wallstreet

wallstreetking started this thread trade 23
EURJPY
SELL:13081
SL:13105
TP:12955
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Old May 24, 2013, 3:29pm   #34
Joined Oct 2012
Re: mission wallstreet

So what's the overall result so far?
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Old May 29, 2013, 3:50pm   #35
Joined May 2013
Re: mission wallstreet

wallstreetking started this thread have been away due to bank hoilday and am back now.

trade updates: closed out the winning trades earlie ron friday evening. Will be closing all positions towards end of trading day on fridays unless its a long term position.

trade 12: stopped out
trade 13: stopped out
trade 14: stopped out
trade 15: taken profit at 10084 makint it a 6 to 1 R:R trade
trade 16 :stopped out
trade 17 :stopped out
trade 18 : taken profit at 9710 making it a 5 to 1 R:R trade
trade 19: stoppped out
trade 20: stopped out
trade 21: stopped out
trade 22: stopped out
trade 23: stopped out
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Old May 29, 2013, 3:58pm   #36
Joined May 2013
Re: mission wallstreet

wallstreetking started this thread so overall results to date. have been risking 1 % per trade.

so I have placed a total of 23 trades giving me
2 winners : 11%
1 Break even: 0%
20 losers: 20%

so my account is currently around 9% down.

Not impressive at all. Have decided to reduce the number of trades and will be only looking out for very high probability set ups with confluence.
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Old May 29, 2013, 4:03pm   #37
Joined Mar 2013
Re: mission wallstreet

Nice trades on 15 and 18, it sucks when friday comes on running profits, but still nice takes
Peace and pips
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Clarity is my cousin, her sister is Sanity, Turnover is the Mistress of Vanity, Profit is the mother of Sanity.

"Only when we have cleansed all our doors of perception will we see things as they truly are, infinite" - William Blake

London Open Break Out Journal - A day on the charts.
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Old May 30, 2013, 1:09am   #38
Joined Mar 2013
Re: mission wallstreet

Not bad numbers really if you are searching for only a 20% win rate, but like you say looking for strong entries will hopefully give you the converted edge we all search for. Nice journal btw, happy pips on your journey.
__________________
Clarity is my cousin, her sister is Sanity, Turnover is the Mistress of Vanity, Profit is the mother of Sanity.

"Only when we have cleansed all our doors of perception will we see things as they truly are, infinite" - William Blake

London Open Break Out Journal - A day on the charts.
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Old May 30, 2013, 9:24am   #39
Joined May 2013
Re: mission wallstreet

wallstreetking started this thread trade 24
EURJPY
Sell:13063
stop13075
tp:13015
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Old May 30, 2013, 9:27am   #40
Joined May 2013
Re: mission wallstreet

wallstreetking started this thread
Quote:
Originally Posted by kaya75 View Post
Not bad numbers really if you are searching for only a 20% win rate, but like you say looking for strong entries will hopefully give you the converted edge we all search for. Nice journal btw, happy pips on your journey.
Hello Kaya,

I have reduced R:R to around 4:1 now so 30% would be good. Bearing in mind I am not taking every setup but only those that are high prob means I should be able to get 30%
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